Do you trust whattomine.com?

[bravetheheat]

Basically, the mining profit is not so accurate. Or, for most of case, it's not accurate at all.

You should test you mining profit by running the rig for a whole day and see its real profit.

Otherwise, you will miss some profitable coins .

[1714835933]

1714835933

[1714835933]

1714835933

[Vann]

Dont trust them

they are consitently way way optimistic on thier reports, for instance they still have not updated the ETHereum profits with the difficulty bomb diff increase and its been over 48 hours since that happened, this means to me they are updating the difficulties
manually or with a delayed script and not polling from the the block chains directly .

In crypto you need timely data to know when you should move your rigs to another algo or currency, whatamine is too slow for this.

By default, Whattomine.com uses a 24 hour average for difficulty and price in it's calculations. All you need to do is change it to 'Current price' and 'Current difficulty' in the sort options to use the current data.

[Anndrianno]

Whattomine is a certain benchmark of course, however, since you don't switch currencies all the time you should put some of your personal analysis and mine currencies, which you personally trust and expect to grow in the future. So it is always up to you what to mine, though, ETH is a good option

[Marvell2]

Dont trust them

they are consitently way way optimistic on thier reports, for instance they still have not updated the ETHereum profits with the difficulty bomb diff increase and its been over 48 hours since that happened, this means to me they are updating the difficulties
manually or with a delayed script and not polling from the the block chains directly .

In crypto you need timely data to know when you should move your rigs to another algo or currency, whatamine is too slow for this.

By default, Whattomine.com uses a 24 hour average for difficulty and price in it's calculations. All you need to do is change it to 'Current price' and 'Current difficulty' in the sort options to use the current data.

Didn't know that , that should be the default setting though

[Vann]

Dont trust them

they are consitently way way optimistic on thier reports, for instance they still have not updated the ETHereum profits with the difficulty bomb diff increase and its been over 48 hours since that happened, this means to me they are updating the difficulties
manually or with a delayed script and not polling from the the block chains directly .

In crypto you need timely data to know when you should move your rigs to another algo or currency, whatamine is too slow for this.

By default, Whattomine.com uses a 24 hour average for difficulty and price in it's calculations. All you need to do is change it to 'Current price' and 'Current difficulty' in the sort options to use the current data.

I think the default options give a ore accurate representation of a coins recent profitability. Difficulty and price change every minute and adjusting your mining to match that is pointless.

Didn't know that , that should be the default setting though

I think the default options give a more accurate representation of a coins recent profitability. Difficulty and price change every minute and adjusting your mining to match that is pointless. By the time you accumulate enough coins to cash out, the price will have changed.

[twofreckles]

In general the source is pretty good, sometimes they don't keep up with updates, calculators might be slightly off. But there isn't one perfect webpage.

[JaredKaragen]

Think about the primary motive in running this site; profits.  Imagine how they can benefit from what they recommend.

Food for thought.

[Jdope]

Most of the time yes, but it isn't accurate and it can be played. Most of my mining is for coins i think will be more valued in the future, for example i maybe mining vtc for the last year, maybe it wasn't the best option for a couple of months but if i keep my coins i can sell them at a higher value later.

[BitcoinPC]

Who really cares? This is information that people gather themselves and do not use websites for. I suppose you can trust them, but the info being wrong is not going to be their fault so much as the time it takes to move on that info since you did not gather it yourself. By the time that you hit one website, then another and then the mining rig configs, it is already yesterdays news.

[DevelopmentBank]

Take whatever whattomine gives you with a grain of salt.

Whattomine is meant to be used as one of many other sources of information.
Always assume that what whattomine is giving you is not 100% accurate. Make sure you check with other calculators like https://nicehash.com/?p=calc

[jeswin]

Yes I do trust but we have to consider the fact that frequent changes happening in rate may not get updated at that moment. We have to be more cautious.

[ihagame]

about 80% trust them, but still need to do my own caculate because sometime their number also can't be immediatly updated.

[Mike011]

Compare/check with cryptocompare.com mining calc. See what gives. Whattomine is a bit late on total network hashrates, but very accurate on the prices.

[Sev18]

It's realtime profitability could have some errors, but 24hr average is quite accurate.
There's not many sites that show better results than whattimine.

[flip4flop]

You can trust whattomine. You just need to ensure you are entering the correct data into it to ensure you are getting the right output.  It can average its estimations for you but it can be more accurate if you plug in your electric costs and adjust your power and hashrate if you know what you are producing.  For 24 moving average it seems to be pretty accurate.  The problem is it does not take into account difficulty increases that may adjust the price in ways you cannot expect.  I use it alot but you cannot 100% trust anything in such a volatile market.  Use it to help you make informed decisions but dont let it be your only tool.

[Edrick123]

Ia there any other page to check beside what to mine?

[jeswin]

Correct I believe we can trust whattomine

[F2b]

I think that whattomine is a good indicator, but as said you have do do your own calculus too. And, first of all, I think we should mine a coin we believe in, and not just mine the coin that gives the most profits (even if, of course, you won't mine SHA256 or Scrypt coins  ).

[ZenFr]

Of course, I don't trust them.
Since the beginning, their numbers are allways false and I never earn what they talk about.
I espect that readers don't make there investments and ROI with these numbers. You have to do you personnal experience, see you own numbers and make your own mathematics.

[Etherion]

So I have been using whattomine.com a lot and I think I see where things go wrong.

whattomine.com is 100% correct when answering the one specific question. The question is not clear to most people and each person tries to answer there own question with the answer given by whattomine. And that is going to give you mixed results.

It looks like whattomine.com uses the spot exchange rate of that coin to calculate profit. always. regardless of the windows average that you set for sort(Profitability) and difficulty.

It is like asking: if I where to mine for 24h/3days/7days what would be my profit if I sold now. Not a bad questions to ask if you were doing that though. It is not the same as if I were selling my coins shortly after I get them. Like most do.

So one needs to first understand the question that whattomine is answering before asking more questions and using wtm answer for that.